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Friday, 28 June 2013

The Pros and Cons of Getting a Housing Allowance

From www.bromsgrove.gov.uk

It's common in some countries, such as those in Asia and the Middle East, to get a housing allowance. There are advantages and disadvantages to getting a housing allowance. You might be also interested in reading the pros and cons of getting free housing.

Pros

Housing allowances are often added to your salary and if your housing is cheaper than what you're given for your allowance you can often keep the difference.

You can choose where you want to live and what type of housing you get.

It allows you to separate your work from your personal life.

You can decorate it and make it homey.

Cons

Since housing allowances are often added to your salary you may be taxed more.

You're responsible for your housing, so will have to buy anything you need or arrange to have things fixed yourself.

Your housing allowance might not be enough to pay the monthly rent or the key money so you might have to supplement it with your own money.

You have to deal with the landlord and your employer might not help you.